Monday Morning Outlook: New Ideas for Bitcoin

The weekend has quickly come to an end, and a new week begins again. Looking back at the weekend's market rhythm, the overall trend was mainly oscillating and tugging, but the main direction still did not break away from a bearish structure. Amid the repeated fluctuations between bulls and bears, the highs and lows are gradually moving downward. The market is basically moving as expected, and brothers who keep up have probably caught some profit opportunities.

From the market perspective, although the weekend was not very volatile, the overall center of gravity continued to shift downward. The daily chart closed with consecutive declines, with prices steadily falling back. It has now broken below the middle band support of the Bollinger Bands, and various indicators are gradually weakening. The bearish momentum is still being released, and there is still a possibility of further decline in the short term.

On the four-hour chart, after a sharp rise to 74,000, the market clearly weakened. Subsequently, it continued to decline with consecutive bearish candles. The Bollinger Bands started to open downward, and indicators across all levels diverged downward in sync. Under this structure, any rebound during the day should be treated more as a shorting opportunity.

Morning outlook remains focused on shorting high
Reference short around 66,500-67,000
Watch the 65,000-64,000 area below.